| right to sue if the survey fails to detect a major problem. For an extra fee, the surveyor applicant bad credit loan mortgage usually carry out a building survey or a (cheaper) "homebuyers survey" at the same time. Since it ends at death, and the owner of the life estate cannot leave it to his heirs or convey a applicant bad credit loan mortgage interest in the land than what the owner actually owns, a life estate is not an estate of inheritance. Life estates are measured either by the life of the owner of the estate, or by the life of some other person; these latter are called life estates pur autre vie, Law French for "during someone else's life." A life estate pur autre vie is most commonly created in one of two circumstances. First, when the owner applicant bad credit loan mortgage property conveys his interest in that property to another person, for the life of a third person. For example if Joey conveys applicant bad credit loan mortgage to Rachel during the life of Monica, then Rachel owns the land for as long as Monica lives; if Rachel dies before Monica, Rachel's heirs will inherit the land, and will continue to own it for as long as Monica lives. Second, if applicant bad credit loan mortgage conveys Blackacre to Monica for life, Monica can then sell the life estate to Rachel. Again, Rachel and Rachel's heirs will own the land for as long as Monica lives In either scenario, once Monica dies, the ownership of the land will revert to Joey. If Joey has died, ownership will revert to Joey's heirs. The right to succeed to ownership of the property upon the expiration of the life estate is called a remainder. The early common law did not recognize a life estate in personal applicant bad credit loan mortgage but such interests | commercial mortgage best home mortgage interest rate **
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